BC Advantage - 2023 Issue 2

Medicare Fee Schedule Changes In 2023

The internet is ringing with the news of the CMS Updates Final rule for the 2023 Medicare Physician Fee Schedule. The finalized 2023 Medicare Physician Fee Schedule was announced by the Centers for Medicare & Medicaid Services (CMS) on November 1, 2022. The 2023 MPFS features a decrease in the fee schedule conversion factor from $34.6062 to $33.0607, reflecting in part the expiration of the temporary 3% supplementary increase in fee schedule payments for CY 2022, among other significant modifications outlined by CMS.Additionally, the 2023 MPFS includes adjustments to telehealth flexibilities that correspond to provisions of...

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